Store clerks are known to have low wages. This is likely to reflect the fact that
a. store clerk jobs are perceived to be relatively easy, thus attracting low-skill workers.
b. store clerk jobs are perceived to be relatively difficult, thus attracting high-skill workers.
c. many people perceive the job of store clerk as having significant risk of death on the job.
d. store clerks are required to have a college degree.
a
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Which of the following is a major reason for offshoring?
a. Advances in information and communication technologies. b. The inability of companies to fragment production processes. c. The gradual decline in worldwide competition. d. All of the above are major reasons for offshoring.
Refer to the above table. If the price of a hamburger is $2, the price of a concert ticket is $60, and the consumer has $190, what is the consumer optimum?
A. 6 hamburgers and 0 concerts B. 0 hamburgers and 6 concerts C. 5 hamburgers and 3 concerts D. 4 hamburgers and 2 concerts
Refer to the above table. If the price of the good produced is $5, the marginal revenue product of the 5th worker is
A. $100. B. $3350. C. $500. D. $670.
An emission fee levied against polluting firms will tend to shift the:
A. Supply curve of the firms to the left B. Supply curve of the firms to the right C. Demand curve for the product to the left D. Demand curve for the product to the right